mainly macro

For macroeconomists After the last time the world got into a liquidity trap, there was a debate about whether price flexibil...

I wanted to mark a year of blogging by encouraging other academics (particularly outside the US) to do the same. So lets use my ...

How do you judge the health of an academic discipline? Is macroeconomics rotten or flourishing ? Stephen Williamson is r...

Paul Krugman : “The state of macro is, in fact, rotten, and will remain so until the cult that has taken over half the field is somehow disl...